18-4. Use LIFO:

From the following (18-5 to 18-12), calculate the cost of ending inventory and cost of goods sold for the LIFO (18-13), FIFO (18-14), and weighted-average (18-15) methods (make sure to first find total cost to complete the table); ending inventory is 49 units.

Beginning inventory and purchases Units Unit Cost Total dollar cost

18-5. Beginning inventory, January 1 5 $2.00

18-6. April 10 10 2.50

18-7. May 15 12 3.00

18-8. July 22 15 3.25

18-9. August 19 18 4.00

18-10. September 30 20 4.20

18-11. November 10 32 4.40

18-12. December 15 16 4.80

18-13. LIFO:

Cost of ending inventory Cost of goods sold

18-14. FIFO:

Cost of ending inventory Cost of goods sold

18-15. Weighted average:

Cost of ending inventory Cost of goods sold